Inflation surged in September as U.S. energy costs jumped
Inflation accelerated across the U.S. in September, rising at an annual rate of 3.7% as energy costs jumped, according to new government data.
The latest Consumer Price Index shows that stubborn price pressures persist just weeks before Americans vote in the midterm elections .
The CPI tracks changes in prices over time for a basket of commonly purchased goods and services. Economists expected the index to rise at an annual rate of 3.6% in September, according to FactSet.
Read the original report
Opens CBS News in a new tab